Best international online brokers in Japan in 2022

Interactive Brokers
4.9
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Saxo Bank
4.8
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Capital.com
4.7
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83.45% of retail CFD accounts lose money
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Best international online brokers in Japan in 2022
Interactive Brokers logo
Saxo Bank logo
Capital.com logo
TradeStation logo
Alpaca Trading logo

To help you to find the best international online brokers in Japan in 2022, we went ahead and did the research for you. We selected 101 quality online brokers, checked and compared basically every aspect of their services, with a special focus on fees, safety, trading platforms, as well as deposit and withdrawal options. Service providers had to prove their excellence in multiple areas to be considered among the best online brokers. And now, without further ado...

Top 5 picks for best international online brokers in Japan in 2022:

  1. Interactive Brokers is the best international online brokers in Japan in 2022. Low trading fees. Wide range of products. Many great research tools.
  2. Saxo Bank takes second place. Great trading platform. Outstanding research. Broad product portfolio.
  3. Capital.com rounds out the top three. Low forex CFD fees and commission-free real stocks. Great account opening experience. Excellent email and chat support.
  4. TradeStation is numero quattro. Great web and mobile trading platform. Low trading fees. High-quality research and education tools.
  5. Alpaca Trading just made it to the list in fifth place. Great API trading service. Free stock & ETF trading. Fantastic charting tools.
Best international online broker in Japan in 2022
Broker Info Score Minmum deposit
#1 Interactive Brokers International broker providing all asset classes 4.9 $0
#2 Saxo Bank Danish investment bank 4.8 $2,000
#3 Capital.com Global CFD broker 4.7 $20
#4 TradeStation US stockbroker 4.5 $0
#5 Alpaca Trading US API broker 4.5 $0

What makes a good online broker? Surely, they need to provide great services in all areas, especially in terms of fair fees and safety. Depositing and withdrawing money should be either free or cheap and the process user-friendly. Great trading platforms, an easy account opening procedure and a wide range of products also weighed heavily in the scoring.

These features are easy to list, but hard to figure out. We are testing brokers based on nearly 500 criteria with real accounts and real money. You can find all the ranking criteria in our methodology.

For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

And now, let's see the best international online broker in Japan in 2022 one by one, starting with the winner, Interactive Brokers.

Interactive Brokers Logo

#1 Best international online brokers for citizens in Japan
Interactive Brokers

4.9

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Interactive Brokers recently launched a new app for global stock trading: read our review of IBKR GlobalTrader.

In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

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#1 Interactive Brokers
Fees
4.5

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros Cons
Low trading fees None
Free stock and ETF trading for US clients
Low margin rates
Interactive Brokers fees
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
US stock $1.0 $10.0 $0.0 $1.0 $0.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - -
US stock index options $6.5 $30.0 - $10.0 -
Mutual fund $15.0 $0.0 - $15.0 -
S&P 500 index CFD fee $2.8 $1.2 $3.4 - -

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#1 Interactive Brokers
Mobile trading platform
3.5

The Interactive Brokers mobile trading platform boasts a lot of functions and a useful chatbot, but its user interface could be better.
Pros Cons
Two-step (safer) login Minor technical glitches
Good variety of order types
Price alerts
Best international online brokers for in Japan in 2022 - Interactive Brokers trading platform

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#1 Interactive Brokers
Deposit and withdrawal
3.0

Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal free each month
Interactive Brokers withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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Saxo Bank Logo

#2 Best international online brokers for citizens in Japan
Saxo Bank

4.8

Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA).

Saxo Bank is a global service provider and as such it operates a number of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Markets UK.

Being regulated by top-tier financial authorities, having a long track record and a banking background are all good signs for Saxo Bank's safety.

HEADS UP: Recent issues with account opening – Saxo Bank seems to have a delay in sending you a crucial URL needed to start your account opening. For more info, see Saxo Bank account opening issues in the review's 'Account opening' chapter. Don't want to wait to open an account? Check out some Saxo Bank alternatives.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
Great trading platform High bond, options and futures fees
Outstanding research High minimum deposit
Broad product portfolio Lacks live chat and 24/7 availability

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#2 Saxo Bank
Fees
3.3

Saxo Bank has overall average trading and non-trading fees, but the structure is quite mixed, with great differences between the fees for various asset classes.
Pros Cons
Low forex fees Inactivity fee
Low fund fees Custody fee
No withdrawal fee High fees for options and futures
Saxo Bank fees
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
US stock $1.0 $10.0 $0.0 $1.0 $0.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - -
US stock index options $6.5 $30.0 - $10.0 -
Mutual fund $15.0 $0.0 - $15.0 -
S&P 500 index CFD fee $2.8 $1.2 $3.4 - -

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#2 Saxo Bank
Mobile trading platform
5.0

Saxo Bank's user-friendly mobile app has the same look and very similar functionalities as the web platform.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Best international online brokers for in Japan in 2022 - Saxo Bank trading platform

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#2 Saxo Bank
Deposit and withdrawal
4.8

Saxo Bank provides multiple deposit and withdrawal options free of charge, on a user-friendly interface.
Pros Cons
Credit/Debit card available Electronic wallets not available
Free withdrawal
No deposit fee
Saxo Bank withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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Capital.com Logo

#3 Best international online brokers for citizens in Japan
Capital.com

4.7

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Pros Cons
Low forex CFD fees and commission-free real stocks High stock index CFD fees
Great account opening experience Only CFD, real stock, and spread betting (for UK clients) available
Excellent email and chat support Smaller account currencies not available

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83.45% of retail CFD accounts lose money

#3 Capital.com
Fees
4.4

Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees (spreads plus overnight fees) are high. As a plus, there are no inactivity or withdrawal fees.
Pros Cons
Low forex CFD fees High stock index CFD fees
Commission-free real stocks (with tight spreads)
No withdrawal or inactivity fee
Capital.com fees
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
US stock $1.0 $10.0 $0.0 $1.0 $0.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - -
US stock index options $6.5 $30.0 - $10.0 -
Mutual fund $15.0 $0.0 - $15.0 -
S&P 500 index CFD fee $2.8 $1.2 $3.4 - -

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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83.45% of retail CFD accounts lose money

#3 Capital.com
Mobile trading platform
4.9

Capital.com's mobile trading platform is user-friendly, has a modern design, provides two-step login as well as price alerts.
Pros Cons
User-friendly Touch/Face ID login only on iOS
Two-step (safer) login
Good search function
Best international online brokers for in Japan in 2022 - Capital.com trading platform

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83.45% of retail CFD accounts lose money

#3 Capital.com
Deposit and withdrawal
4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.
Pros Cons
Credit/Debit card available Smaller currencies not available
Free withdrawal
No deposit fee
Capital.com withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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83.45% of retail CFD accounts lose money

TradeStation Logo

#4 Best international online brokers for citizens in Japan
TradeStation

4.5

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; transparently discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Inconvenient deposit and withdrawal
Low trading fees No forex trading
High-quality research and education tools Mediocre customer service

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#4 TradeStation
Fees
4.0

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, there's an inactivity fee and only ACH is free for withdrawals.
Pros Cons
Low trading fees Inactivity fee
Low stock and ETF fees / Free stock trading WIthdrawal fee for bank wire transfers
Free ACH withdrawals
TradeStation fees
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
US stock $1.0 $10.0 $0.0 $1.0 $0.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - -
US stock index options $6.5 $30.0 - $10.0 -
Mutual fund $15.0 $0.0 - $15.0 -
S&P 500 index CFD fee $2.8 $1.2 $3.4 - -

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#4 TradeStation
Mobile trading platform
4.8

TradeStation's mobile platform is great. It is very user-friendly and well-designed, offering price alerts and excellent order management. However, search functions could be better.
Pros Cons
User-friendly Limited search functions
Two-step (safer) login
Good variety of order types
Best international online brokers for in Japan in 2022 - TradeStation trading platform

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#4 TradeStation
Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; while the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit/withdrawal in cryptocurrencies High fee for wire withdrawal
ACH withdrawal is free
TradeStation withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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Alpaca Trading Logo

#5 Best international online brokers for citizens in Japan
Alpaca Trading

4.5

Alpaca Trading is a commission-free API stockbroker founded in 2015. Alpaca is based in San Mateo, CA. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), both top-tier regulators that bolster Alpaca Trading's safety for investors and traders.

Alpaca provides access to US stock markets, historical data, and fundamental data through their API. Alpaca's founders believe their software allows retail traders to capitalize on the machine learning and automation that historically only institutional investors have been able to use. Coders have the opportunity to build their own algorithms and contribute to the Alpaca developer community. Alpaca founders have expressed interest in eventually opening up pre-made algorithms to non-coders, but for now, their platform also includes capabilities for manual order-entry and research.

 

Recommended for traders interested in algorithmic stock trading

Pros Cons
Great API trading service Customer support limited to email
Free stock & ETF trading Limited deposit and withdrawal options
Fantastic charting tools Only US stocks and ETFs available

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#5 Alpaca Trading
Fees
4.9

Alpaca Trading offers zero-commission stock and ETF trading and low margin rates. Non-trading fees are also competitive as no fee is charged for inactivity or most withdrawals.
Pros Cons
Commission-free Stock and ETF Trading None
No inactivity fee
No withdrawal fee
Alpaca Trading fees
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
US stock $1.0 $10.0 $0.0 $1.0 $0.0
UK stock $4.2 $11.2 $0.0 - -
EURUSD benchmark fee $10.4 $7.1 $8.7 - -
US stock index options $6.5 $30.0 - $10.0 -
Mutual fund $15.0 $0.0 - $15.0 -
S&P 500 index CFD fee $2.8 $1.2 $3.4 - -

All commissions, spreads and financing rates (if applicable) for opening a position, holding for a week, and closing.

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#5 Alpaca Trading
Mobile trading platform
4.2

The mobile platform is even simpler than the web platform. It is similarly easy to use, but likewise has a poor search function and no price alerts. Logging in can also be complicated.
Pros Cons
User-friendly Poor search function
Two-step (safer) login No price alerts
Order confirmation No Touch/Face ID login
Best international online brokers for in Japan in 2022 - Alpaca Trading trading platform

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#5 Alpaca Trading
Deposit and withdrawal
1.8

Bank transfer deposit/withdrawal is easy and free, but like other US brokers, Alpaca doesn't support multiple currencies or credit/debit card funding, and wire withdrawal is costly.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Only one account base currency
User-friendly High withdrawal fee for wire transfers
Alpaca Trading withdrawal fee and options
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No Yes No No
Electronic wallets No No Yes No No
Withdrawal fee $0 $0 $0 $0 $0

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Best international online brokers for in Japan in 2022
What makes a good online broker

Now that you know the top 5, you probably want to know how we came up with this list. Let's go through a few points quickly.

Are these brokers reliable?

Absolutely. You can be sure none of them is a scam. They are all regulated by at least one top-tier regulator.

How did BrokerChooser pick the best online brokers?

At BrokerChooser, we test online brokers based on more than 500 criteria, with real accounts and real money. We don't want to overwhelm you, so we will list only the top 5 criteria.

The 5 most important criteria for best international online brokers in 2022
1. Fees Trading fees for a given stock trade can be 50 times higher at one online broker compared to another. The brokers listed here all have low fees.
2. Deposit and withdrawal At some online brokers, funding and withdrawing funds can take much longer and be much more expensive than at others.
3. Trading platform A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
4. Account opening Some online brokers require a minimum deposit to start investing while others don't ask for a fix first-time deposit. Check these requirements before opening an account.
5. Markets and products Want to invest in Japanese stocks or trade Bitcoin? They are not be available at each broker. We selected brokers with a wide range of products so you can trade many asset types.

Best international online brokers for in Japan in 2022
Bottom line

These were the details, now let's zoom out. Here are the best international online brokers in 2022 for residents in Japan:

Best international online brokers for residents in Japan
Interactive Brokers Saxo Bank Capital.com TradeStation Alpaca Trading
Overall score 4.9 4.8 4.7 4.5 4.5
Fees score 4.5 stars 3.3 stars 4.4 stars 4.0 stars 4.9 stars
Mobile platform score 3.5 stars 5.0 stars 4.9 stars 4.8 stars 4.2 stars
Deposit and withdrawal score 3.0 stars 4.8 stars 4.5 stars 2.3 stars 1.8 stars
Account opening score 3.2 stars 2.0 stars 5.0 stars 5.0 stars 4.8 stars
Markets and products score 5.0 stars 5.0 stars 3.1 stars 2.8 stars 2.0 stars
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83.45% of retail CFD accounts lose money
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Interactive Brokers is our winner, the best international online broker in Japan in 2022. Low trading fees. Wide range of products. Many great research tools.

Still unsure? For a tailored recommendation, check out our broker finder tool. If you enter the name of your country, it will show only the brokers that are relevant to you. Want more details? Compare brokers with the help of this detailed comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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